More details of Best Buy’s Buy Back program revealed

In case you had any open questions about Best Buy’s upcomingBuy Back program, a trusted source just sent some more information that will clear up any open questions. The new info includes an internal PDF detailing exactly what this new service means to you, the customer, in addition to Best Buy the company, and also employees that work at Best Buy. The program, as we exclusively reported, will offer customers up to 50% of the purchase price on their laptops, netbooks, tablets, TVs, and mobile phones for two years. Best Buy is positioning this internally as a way to continually lock in customers. For instance, “for every Buy Back plan sold, a future customer purchase is locked in.” The document also states “customers will come back to Best Buy when they are ready to upgrade,” and “customers tend to spend more than the amount of the gift cards they receive.” Hit the break for all the details.

Best Buy has an equipment condition scale that can affect the price you’re given for your electronic device, and here is the break down for that:

Good: everything is fully functional, and all parts and accessories are included. (minor scratches are OK). No change in Buy Back amount

Substantially Impaired: non-functioning device and can’t be reasonably refurbished, missing most parts and accessories (cracked LCD screen, water damage, won’t turn on — no Buy Back amount issued, though Best Buy will give you free recycling and an environmental disposal. (Single tear.)

We have the full document loaded up in our gallery for those of you who want to check it out for yourselves!

Jonathan Geller is the founder of Boy Genius Report, now known as BGR, and one of the biggest tech & mobile destinations in the world.
BGR was acquired by leading digital media company PMC in April 2010 and Jonathan is President and Editor-in-chief of BGR Media, LLC. Jonathan was named to Forbes' coveted 30 under 30 list in 2016, and frequently appears as a commentator on news channels such as CNBC, Fox News, ABC News and Bloomberg.